Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Technical Glitch Halts NSE Trade, A Big Question On The Back-up System In Place

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Technical Glitch Halts NSE Trade, A Big Question On The Back-up System In Place

It is a day of high drama on Dalal Street. The day when Sensex hit a new high, trading was halted by NSE for 3 hours due to a technical glitch. Traders complained about quotes not getting through almost minutes after the Sensex hit a high in opening trade. Finally, regular F&O and cash market trade resumed well past noon. What was particularly striking was the mayhem and chaos in the interim and the lack of support from the exchanges.

If you refer to Twitter posts, you would realise that there was no specific and official announcement by the National Stock Exchange till about 20 mins after the trading glitch halted regular execution of the trade. The matter acquires particular significance when you consider the sheer volume of trade that happens through NSE. Close to 80% of stock market trade in India is executed through NSE. In fact even after the problem was identified, NSE announced pre-open session twice and it failed both times. Finally well past 12:30, the rates normalised and began updating normally in both the F&O and the cash segment. In fact source based reports indicate that the exchange was even considering shutting down for the entire day after they failed to revive trading twice.

While the market regulator SEBI said that it is in touch with NSE and probing the matter and the interim NSE CEO maintained that they are working to resolve the ‘technical glitch’, the question is what happened to the backup systems that are in place. Why was trading not started from the disaster recovery site in Chennai? In fact, the disaster recovery site is a replica of the primary site which ensures all exchange data is replicated on a real time basis, which should start if the trading is disrupted on the main segment. In fact, the NSE had created the disaster recovery site with the same purpose. The server that is carrying such huge trade volume can sometimes be subjected to technical issues but during all those emergencies, the disaster recovery site was the advanced arrangement that was created to act as a cushion against all these emergencies. The idea was to avoid any form of change or interruption in future. The idea was to allow seamless and smooth execution of trade even in the case of any emergency in the main Mumbai trading hub.